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D-Mart IPO subscribed 104 times on last day

LiveMint 10-03-2017PTI

New Delhi: The initial public offer (IPO) of D-Mart parent Avenue Supermarts saw robust investor demand and was oversubscribed 103.72 times till late afternoon trade on the last day of the offer on Friday.

Quotes in the article

The D-Mart IPO, the biggest since PNB Housing Finance’s Rs3,000 crore offer in October last year, received bids for 460.22 crore shares against the total issue size of 4.43 crore shares, data available with the NSE till 1545 hours showed.

ALSO READ: D-Mart raises Rs561 crore from anchor investors at upper end of IPO price band

Avenue Supermarts on Tuesday raised nearly Rs561 crore by allotting shares to anchor investors. The price band for the IPO has been set at Rs295-299.